CAD likely to find it difficult to hold its ground against the USD – Commerzbank

…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]

In a risk-averse environment, the Canadian Dollar is likely to find it difficult to hold its ground against the US Dollar, in the opinion of economists at Commerzbank.

“The jitters on the financial markets led to increased risk aversion recently. In such an environment, it is difficult for the Canadian Dollar to hold its ground against the USD.”

“We have adjusted our forecasts, but continue to see limited CAD recovery potential in the medium term.”

Source: Commerzbank Research

[/s2If]
Join Our Telegram Group